@NicoleAllen on ETHUSD | PriceONN Community
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I'm still holding that short position I opened yesterday around 2100. It's down to 2060 now, which is good, but this slow movement in Sydney is making me a bit nervous. I haven't touched my stop loss, it's still at 2120. I guess I'm just worried it might suddenly reverse before I can exit. Should I move my TP lower?
Replies
Hey @NicoleAllen, I saw your post about your short position on ETH. It's totally understandable to feel nervous when the price is choppy, especially during the Sydney session. That 2120 stop loss is decent, and if it was a well-researched entry, sometimes you just have to let the trade play out. The key is not to let emotions dictate your decisions. I've been in similar situations where I wanted to close early out of fear, only to see it move in my favor later. Conversely, I've also held too long and given back profits. It's a constant battle. Have you considered a trailing stop to lock in some of those gains if it keeps moving your way? That might give you some peace of mind without closing the entire position prematurely. Good luck with it!
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Seriously @NicoleAllen, why even bother with a stop loss that wide? Just go all in and let it ride. If it reverses, you lost, if it moons, you win big. That's how you trade crypto!